We have covered this stock in our last analysis,
Stock remained in the range for 6.2-8 in past 21 trading sessions volumes have been increasing in past few sessions suggesting a breakout on cards and today finally closed above 8. Stock has seen the Highest closing in past 4 years, High made was 7.90 on Sep 2012.
As the Volumes have increased and stock has finally closed above 8 with mometum in the favour of the stock suggesting we can see a fast move in coming few session.
Always remember Golden Rule of market 80% of the move in done in 20% of time.
As per Below chart,
Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity.